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1998 Florida Statutes
SECTION 50
Disposition of surplus of bond issue.
Disposition of surplus of bond issue.
236.50 Disposition of surplus of bond issue.--Should there remain any of the proceeds of the sale of school district bonds after the purpose and object for which the said bonds were issued shall have been carried out and performed by the school board, the surplus then shall be held by the school board and expended for the exclusive use of the public schools within the school district as said school board may deem reasonable and proper.
History.--s. 1050, ch. 19355, 1939; CGL 1940 Supp. 892(369); s. 20, ch. 29754, 1955; s. 17, ch. 57-249; s. 1, ch. 69-300; s. 156, ch. 72-221.